One of the leading data points to suggest the U.S. economy was on track for a V-shaped recovery was air traffic. When economies across the country started reopening, air travel started increasing.
It looks like the trend is starting to ease.
According to new Transportation Security Administration (TSA) data (via CNBC), 4.65 million people passed through checkpoints at U.S. airports in the week ending July 19. This is down four percent from the previous week.
The key reading: It is the first weekly percentage drop since April.
One of the chief causes, according to industry executives, has been the explosion in COVID-19 cases and quarantine measures that have been put into place.
And this is bad news for the airlines, many of which have warned that employees’ jobs could be at risk in the coming months if the situation does not improve and federal aid runs out.
Leave a Comment